Bank of America 2010 Annual Report Download - page 26

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Our Business Segments
Global Commercial Banking provides a wide range
of lending-related products and services, integrated
working capital management and treasury solutions
to clients through our network of offices and client
relationship teams along with various product partners.
Our clients include business banking and middle-market
companies, commercial real estate firms and governments.
Our lending products and services include commercial
loans and commitment facilities, real estate lending,
asset-based lending and indirect consumer loans. Our
capital management and treasury solutions include
treasury management, foreign exchange and short-term
investing options.
Global Banking & Markets (GBAM) provides financial
products, advisory services, financing, securities clearing,
settle ment and custody services globally to our institutional
investor clients in support of their investing and trading
activities. We also work with our commercial and corpo-
rate clients to provide debt and equity underwriting and
distribution capabilities, merger-related and other advisory
services, and risk management products using interest
rate, equity, credit, currency and commodity derivatives,
foreign exchange, fixed-income and mortgage-related
products. GBAM is a leader in the global distribution of
fixed income, currency and energy commodity products
and derivatives, has one of the largest equity trading
operations in the world and is a leader in the origination
and distribution of equity and equity-related products.
Our corporate banking services provide a wide range of
lending-related products and services, integrated working
capital management and treasury solutions to clients.
Global Wealth & Investment Management (GWIM) pro-
vides comprehensive wealth management capabilities to
a broad base of clients from the emerging affluent to the
ultra high net worth. These services include investment
and brokerage services, estate and financial planning,
fiduciary portfolio management, cash and liability manage-
ment and specialty asset management. GWIM also provides
retirement and benefit plan services, philanthropic man-
agement, asset management and lending and banking to
individuals and institutions. Our primary wealth and invest-
ment management businesses are Merrill Lynch Global
Wealth Management, U.S. Trust, Bank of America Private
Wealth Management and Retirement Services.
Deposits includes a comprehensive range of products
provided to consumers and small businesses, including
traditional savings accounts, money market savings
accounts, CDs and IRAs, and noninterest- and interest-
bearing checking accounts. Deposit products provide
a relatively stable source of funding and liquidity. In the
U.S., we serve approximately 57 million consumer and
small business relationships through a franchise that
stretches coast to coast through 32 states and the
District of Columbia utilizing our network of more than
5,800 banking centers, 18,000 ATMs, nationwide call
centers and leading online and mobile banking platforms.
Global Card Services is one of the leading issuers of
credit cards in the United States and Europe. We provide
a broad offering of products including U.S. consumer and
business cards, consumer lending, international cards
and debit cards to consumers and small businesses.
We provide credit card products to customers in the U.S.,
Canada, Ireland, Spain and the U.K. We offer a variety
of co-branded and affinity credit and debit card products
and are one of the leading issuers of credit cards through
endorsed marketing in the U.S. and Europe.
Home Loans & Insurance provides an extensive line of
consumer real estate products and services including
fixed and adjustable rate first-lien mortgage loans for
home purchase and refinancing needs, home equity lines
of credit and home equity loans to customers nationwide.
Home Loans & Insurance products are available to our
customers through our banking centers, mortgage loan
officers in 750 locations and a sales force offering our
customers direct telephone and online access to our
products. These products are also offered through our
correspondent loan acquisition channel.
Opportunities are Everywhere — Our
market-leading positions, products and
capabilities allow us to offer a full range
of financial products and services to the
entire spectrum of customers to help
them meet their financial goals.